Bitcoin: What, Why, and How?

03/03/2014 18:00

If you’re wondering what Bitcoin is, you’re not alone. In fact, 46% of Americans aren’t sure what Bitcoin is (while another 6% think it might be an Xbox game), according to a 2013 Bloomberg poll.

Bitcoin: What, Why, and How? by John R. Meese

What is Bitcoin?

Bitcoin /ˈbɪtkɔɪn/, n: a peer-to-peer payment system and digital currency. – Wikipedia

The short answer is that Bitcoin is a digital currency. More accurately, Bitcoin is a distributed ledger system that is primarily used for currency (as of now). Read more here:  JohnRMeese
 

 

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